JORDANIAN PM LAYS FOUNDATION STONE FOR CHINESE TEXTILE FACTORY

AMMAN, Jordan, Dec 7 (NNN-PETRA) - Jordan's Prime Minister, Omar Razzaz, on Thursday, laid the cornerstone for a Chinese textile factory, that will create hundreds of jobs in the south of Jordan.

The factory, affiliated to the Jerash Holdings Company, which was recently listed on Nasdaq Capital Market, as the first Jordanian enterprise, is in line with Jordan's efforts to attract investors from across the world, to create jobs and drive growth, Razzaz said, at the event.

"The investment by Chinese investors shows their strong belief in the country and its economy," he added.

The factory, which will initially create around 500 jobs for the youth in Al Hasa area, in the south of Jordan, will also help train young Jordanians on skills in textile industry.

At a later stage, as many as 1,000 jobs will be created.

For his part, the Chinese Ambassador to Jordan, Pan Weifang, said, the establishment of the project stands for the fruitful cooperation between China and Jordan.

Expressing China's confidence in the security and stability of the kingdom, Pan also stressed the commitment from his country, to provide grants and investments to Jordan.

Choi Lin Hung, chairman of the board of Jerash Holdings, said, the opening of the new facility is an important milestone in the history of the company, which has started operations in Jordan since 2000.-- NNN-PETRA